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Commerce 2015 WAEC Past Questions

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Use the following information to answer the question

Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. shares issues and fully paid are 25,000,000

11

The value of bamidele authorized share capital is?

  • A. N160,000,000
  • B. N100,000,000
  • C. N65,000,000
  • D. N40,000,000
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12

Which of the following aids to trade is used to stimulate demand for goods

  • A. banking
  • B. transport
  • C. insurance
  • D. advertising
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13

The term consumer sovereignty means that?

  • A. seller is the king
  • B. product is supreme
  • C. buyer is the king
  • D. producer is the king
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14

Which of the following activities is classified under extractive industry?

  • A. exploration of minerals
  • B. construction of roads
  • C. canning of tomatoes purees
  • D. assembling of cars
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BXY Enterprise has the following balance at the end of march 2010
opening stock D6,000
purchases D23,000
salaries and wages D12,000
closing stock D8,000
sales D30,000

Use the information above to answer the following question.

15

calculate the gross profit by BYX Enterprise

  • A. D13,000
  • B. D9,000
  • C. D5,000
  • D. D1,000
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